Thunder Bay Mortgage Lending
Buying a house without a mortgage is nearly impossible. The privilege of having hundreds of thousands of dollars or more to pay for your dream house is only given to a fortunate few. At Ontario Mortgage Guy, we will help you find the best mortgage option to let you have that house in the most convenient way possible.
Our mortgage brokers are knowledgeable about how Ontario mortgage lending works. We can guide you as you deal with complex lending policies and find the best type of mortgage to suit your needs and circumstances.
Ontario Mortgage Guy works with various lenders, including banks, credit unions, trust companies, and other financial institutions. This way, we can compare rates and offer you the best option with low-interest rates and more manageable mortgage conditions. And the best part? We can give you this solution within just 24 to 48 hours!
Whether you are new to Thunder Bay, ON, new to home-buying, or even looking for a reverse mortgage to finance your investments or daily expenses, we can help you develop an effective mortgage plan and get approved in the easiest way possible. Have any more questions? We are ready to talk.
Call Ontario Mortgage Guy at (416) 945-0380 for your Free Consultation with a Mortgage Lending Specialist!
Professional Mortgage Lending Advice
No matter what background you have, Ontario Mortgage Guy can help you have a successful Thunder Bay mortgage lending experience. Whether you are self-employed, a start-up entrepreneur, a new Canadian, a first-time homebuyer, or a homeowner with equity yet with low-level income, our mortgage brokers can help you identify the best type of mortgage on your behalf.
Our professional guidance goes beyond helping you choose the best mortgage option. We will also assist you as you prepare and go through every necessary meeting and legal step to successfully acquire your mortgage.
Depending on the down payment you can afford, your income, and whether or not it is your first time buying a house, we can give you a comprehensive guide on the advantages and disadvantages of every mortgage type available to you.
If you can make a down payment of at least 20% of the purchase price of the property you’re eyeing, a conventional mortgage will close the sale. A conventional mortgage allows you to borrow up to 80% of the property’s value.
A high-ratio mortgage is called for when your down payment is less than 20% of your desired property’s purchase price. A high-ratio mortgage allows you to borrow 80-95% of the purchase price.
A fixed-rate mortgage type is suitable for you if you want a fixed monthly payment. A fixed-rate mortgage will calculate your interest for a set number of years, giving you an exact amount to pay each month.
A variable-rate mortgage goes with the fluctuations of the housing market. Although a variable-rate mortgage still gives you a set monthly payment, the principal amount you’ll be paying every month will change depending on the market conditions.
With an adjustable-rate mortgage, your monthly payments may decrease or increase over time. The fluctuations in the market conditions affect this loan’s interest rate, resulting in the monthly payment changes.
An open-rate mortgage is recommended if you know you’re expecting to receive a huge sum of money within your loan term. Although an open-rate mortgage has a higher interest rate, this type of mortgage allows you to pay it off with a lump sum any time you choose without any penalty.
If the property you’re buying will be your home for a long time, a closed-rate mortgage is best for you. It comes with a fixed monthly payment schedule along with a set required total amount. Besides sticking to this payment arrangement for the whole mortgage term, you will also get a lower interest rate than what you’ll be offered with open-rate mortgages.
Whichever option you think is best for you, Ontario Mortgage Guy is here to offer you professional suggestions and necessary information. We will help you develop the best mortgage plan, ensuring that all details will work best for you and not just for your lender’s benefit.
From a 6-month mortgage term, 25-year amortization, to weekly mortgage payments, we can help you find the Thunder Bay mortgage lending option suitable to your situation. Just give us 24 to 48 hours, and we’ll be back with an effective mortgage plan that is better than anything you can get from other brokerage services.
Efficient Mortgage Solutions
Ontario Mortgage Guy works with many lenders, including big banks, trust companies, credit unions, and other financial institutions you can borrow from. This gives us access to all types of mortgages, allowing us to offer you the lowest possible rate that even banks and credit unions don’t advertise.
Our mortgage brokers will handle all the calls and negotiations necessary to find you the best mortgage deals. We will talk to multiple lenders and compare all available rates, giving you a wide range of options without the hassle of doing all the calls, meetings, and negotiations yourself.
Unlike the limited offers that you get from traditional banks, Ontario Mortgage Guy can give you more options as you look for the following mortgage solutions:
1. 2nd and 3rd Mortgage
2. Commercial Land Financing
3. Construction Financing Loan
4. Home Mortgage
5. Investment Property Loan
6. Lines of Credit
7. Refinance Mortgage
8. Mortgage Renewal
9. Reverse Mortgage
Best Thunder Bay Mortgage Lending Brokers
At Ontario Mortgage Guy, we aim to give you the best brokerage service and earn referrals that will allow us to help many more clients. Guiding you to success in your mortgage lending experience is what our agents are trained to do. Together with the multiple lenders we work with, we guarantee the best mortgage solution with low-interest rates and manageable conditions.
If you choose to work with us, all we ask is 24 to 48 hours before giving you the best possible option for your mortgage needs. We will help you come up with a plan that will financially sustain you, giving you manageable payment schedules and appropriate terms and amortization based on your circumstances.
We will also make sure that you’ll go through a convenient mortgage application process with the approval following shortly after. We will even help prepare all the necessary documents and represent you in all the negotiations to ensure the convenience of the entire process.
And you know what’s even better? Every mortgage you get through us will send a donation to Starlight Children’s Foundation Canada, letting you help children with serious illnesses and their families.
Ready to discuss your mortgage plans now? Don’t hesitate to call us!
Fast Mortgage Loan Approval
Ontario Mortgage Guy is regarded as one of the most trusted alternatives to big banks in terms of providing the best Thunder Bay mortgage solutions. We have earned this recognition for good reasons. With extensive experience in offering brokerage services, we understand each individual’s unique needs and consequently work to find the option that works best for their situation.
If you value quality service that aims to save you time and money, our local Thunder Bay mortgage brokers are the best partners to work with. Start planning your first home purchase or mortgage refinancing with us today!